Question
You placed $8,714 in a savings account today that earns an annual interest rate of 6.63%, compound semiannually. How much will you have in this
You placed $8,714 in a savings account today that earns an annual interest rate of 6.63%, compound semiannually. How much will you have in this account at the end of 28 years? Assume all interest received at the end of the period is reinvested the next period. Round the answer to two decimal places and the formula.
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Matlab An Introduction with Applications
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